The median of the set of numbers is 5.
9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
-3,2,5
for the graph start with a point at (0,2) then go over 1 and up 1
Step-by-step explanation:
The points are (-3,3) and (2,2) then you use distance formula to find the distance between them
Slope
m = (y2-y1)/(x2-x1)
m = (10 - 7)/(2 --1)
m = 3/3
m = 1
To find the equation
y = mx + b
m is slope
y = 1x + b
plug in one of the equations to solve for b
10 = 1(2) + b
10 = 2 + b
subtract 2 from both sides
8 = b
The equation is
y = 1x + 8
or you can write it as
y = x + 8
Hope this helps
